PRC-2 · Chapter 2 · Question 40 of 45
If you invest Rs. 1,000 at 5% interest compounded annually for 2 years, what is the Future Value (FV)?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Rs. 1,102.5
Explanation
Formula: FV = P(1 + r)^n. FV = 1,000(1.05)^2 = 1,000 × 1.1025 = Rs. 1,102.5.
More Coordinate System and Its Application MCQs
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